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-american brands in the manufacturing center of detroit. connell: jeff flock joining us from detroit with the latest. jeff: we promise to get through this without swearing. this is something that has not taken place in the u.s. since the 70s. now we have watches being assembled in the u.s. once again. the company is shinola. this doesn't do justice to the old saying which is you don't know what you don't know. i have the principle of the company. why do you think you can make watches profitably in the u.s. again and why did you choose the name shinola? >> great bran history. it is important we have a brand that has history in the u.s. and manufactured in the u.s. and manufacturing watches in the toy is a good story. >> the sell to $800 and i am wearing one of these. this is what's shinola watch looks like a. kind of sexy and they don't just have watches. at 2:00 we will be back with other products that shinola is making. interesting success story in america and detroit. i like it. [talking over each other] >> this is a clean room where we are making watches. [talking over each other]
the right training and the time and the will to succeed and that is why they are here. >> here in detroit, this building used to be occupied by general motors. this is a place where they invented the automatic transmission, believe it or not. follow me over here. you think you have an iconic brand not only watches, but leather goods, what else? >> journals, bicycles. >> bicycles as well. not only designed, but made in the u.s. this is a story you will only see on fox business network. we love the things, companies who think they can make it in america as well as anywhere else. >> we believe we have the ability and will to make it here in detroit. >> detroit, please noted for manufacturing before and again. i leave you with this, an old shinola newspaper advertisements. tracy: if only. i would get a lot done. thank you very much. ashley: that is the statement of the day. breaking news, closing down $3.31. that is 3.5% drop, the third drop in a row. oil this week alone, the steepest three-day decline for crude in more than three months since early june. coming up, a stunning forecast about
us now from detroit, bob. we had a review of the iphone yesterday. walt mossberg was on with us from the "wall street journal." you'll notice a couple of things. it is ridiculously light. but, boy is it fast. how does that affect at all what you do? >> right. it impacts it a lot. it is one of the hottest categories. it is so critically important to businesses. every business in the world is looking to improve revenue, market share and brand awareness. they do that through these apps. by adding bandwidth to the apple iphone5, android and other technologies, not just on the smart phones and vehicles, what have you, you increase the ability to do more business over the phone. it is a high business right now. connell: every business has an app. more to the point, some company that is selling something has an out that sells, you can go on shop and buy something. now that apple will be faster, because apple drives the game here, with as big as android is, apple still in that app world is so big, now that apple will be faster with its iphone, how will that change how businesses make applica
out of detroit assembly plant for a month. that will begin next week. there's the gm stock price today down by 9 cents. dagen: the government's break even on that is $32 a share thereabouts. some new life for a ford plant in michigan as the automaker plans to use the facility to bring production back to the u.s. and make cars that will be sent to the european market. connell: let's join jeff flock at the ford plant. jeff: i remember being told when proposing the volt, it was said the last electric car we made we lost a couple billions how many billions do you expect we will lose on this one? oh well, you can answer. this is a cool car, though, this is a mustang, currently made at this plant here at flat rock michigan. it was a joint venture between mazda and ford. now ford has taken the whole thing over. mazda going back to japan. they are now going to make -- speaking of cars they are making money on, this is the ford fusion. they will make this here. it will be the new u.s. production home of the fusion. they are going to bring production back from mexico where this one was made in m
. come on down. michigan, detroit. it's happening. connell: thanks jeff. dagen: thank you very much jeff. a quick sports update for you, well maybe more like a marathon for the players and viewers of last night's men's u.s. open final. andy murray from britain, scotland finally wins one. the whole match lasted a record time, 4 hours and 54 minutes. it went to 5 sets. this was the first grand slam tial for the -- grand slam tial -- grand slam title for murray. connell: there he is. happy to win. did you watch the whole thing? dagen: not the whole thing. i love to see two sets, one player, two sets, another, and then five sets, love that. connell: we're going to come back in a moment. it was a great match. you know the judge, andrew napolitano, i have been told he has some real strong thoughts on the chicago teachers strike. guess what? he's agreed to make them public. dagen: he's up in the next hour. when i found out my irregular heartbeat put me at 5 timesgreater risk o, my first thoughts were about my wife, and my family. i have the most commonype of atrial fibrillation, or afib. it's n
beneath a suburban detroit driveway after the man told authorities he saw a body being put into the ground around the time hoffa disappeared. those are your news headlines on the fox business network. i'm jamie colby. you know we will stay on that one. dagen? dagen: it is crazy and i'm still obsessed with that story after all these years. thank you very much for that. mortgage rates falling to new record lows once again. the rate on a 30 year fixed rate mortgage now sits at -- check it -- 3.4%. what to make of it? the professor of finance at george mason university is joining us now from washington, d.c. anthony, is this good for the housing market, or is the economy getting so weak at this point that nothing can save housing? >> well, right now, dagen, you are absolutely right. they can push rates even lower, and it's probably not going to do much good. one reason is that we're getting out of the summer seasonal. the housing market bumps back up in the summer because people are buying new homes or buying existing homes, pending home sales dropped a couple percent. that's to be expected ab
peaceful demonstrations. the corruption trial against former detroit mayor is underway, and a prosecutor says phil patrick conspire with his father to turn city hall into bribes. they say the case is a scam. the space shuttle it on a sightseeing tour of california. the shuttle due to fly over landmarks like the state capitol and the golden gate bridge before landing in los angeles where its final home is a science museum. those are your news headlines on the fox business network. now we head back to lori. lori: many thanks. so nostalgic, that space shuttle. talking dividend stocks. investors face a major tax hike if we fall over the cliff. if congress does nothing, the dividend tax rates jump from 15% to 39.6%. will that be the death of devra davis -- dividend income? you say no begin the rate of the increase of the dividends? >> correct. thank you for having me, lori. i don't think we're going to see any problem with dividends at all. one, there's no historical precedent that shows that stocks under perform, especially dividend paying stocks underpimple in higher tax environments, but t
Search Results 0 to 6 of about 7